SEOUL, Oct. 31 (Korea Bizwire) — North Korea fired what appeared to be a new type of solid-fuel intercontinental ballistic missile (ICBM) toward the East Sea on Thursday, South Korea’s military said, in a move apparently aimed at bolstering Pyongyang’s leverage head of the U.S. presidential election next week. Thursday’s launch also came hours after [...]
SEOUL, Oct. 31 (Korea Bizwire) — The oceans ministry said Thursday it will work to establish the Korean name “gim” as a globally recognized term for seaweed products as part of efforts to boost their exports. “South Korea has been facing hurdles in promoting its gim products, as they have been referred to by various [...]
SEOUL, Oct. 30 (Korea Bizwire) – North Korea’s state-sponsored cyberunit, comprising some 8,400 hackers, has mounted over 10,000 attacks against South Korea this year, South Korea’s cyber operation command said Wednesday. The Cyber Operations Command revealed these findings during a parliamentary audit session, according to Rep. Lee Seong-kweun of the ruling People Power Party and [...]
SEOUL, Oct. 30 (Korea Bizwire) – With the U.S. presidential election just a week away, American protectionist policies appear to be intensifying, creating complex calculations for South Korean companies trying to maintain their competitive edge in a rapidly evolving global market. While U.S.-China tensions are expected to continue regardless of who wins, the candidates’ divergent approaches [...]
SEOUL, Oct. 30 (Korea Bizwire) — An annual conference of South Korean business leaders from around the world is successfully under way in Vienna after its opening ceremony at the Austria Center Vienna earlier this week, organizers said Wednesday. The World Federation of Overseas Korean Traders Association (World-OKTA) opened its 28th leaders’ convention in the [...]
SEOUL, Oct. 30 (Korea Bizwire) — A joint exhibition aimed at promoting information technology exchanges between North Korea and Russia has opened in Pyongyang, the North’s state media said Wednesday, marking their first such event in 18 years. The exhibition, held at the People’s Palace of Culture, opened Tuesday, according to the Korean Central News [...]
SEJONG, Oct. 29 (Korea Bizwire) – South Korea’s exports, long considered the backbone of its economy, are showing signs of weakness, amplifying concerns about the country’s economic outlook. The possibility of a Donald Trump victory in the U.S. presidential election, with his promises of aggressive tariff policies, is raising additional concerns about the recovery of exports [...]
SEOUL, Oct. 24 (Korea Bizwire) – President Yoon Suk Yeol and his Polish counterpart, Andrzej Duda, condemned North Korea’s troop deployment to Russia and agreed to strengthen security and defense industry cooperation during their summit Thursday. Yoon and Duda voiced concerns over the growing military ties between Pyongyang and Moscow after South Korea and the [...]
SEOUL, Oct. 23 (Korea Bizwire) – The U.N. cultural agency has established a South Korea-proposed award to recognize efforts in nurturing education on global issues, such as human rights, sustainability and diversity, the foreign ministry said Wednesday. The U.N. Educational, Scientific and Cultural Organization made the decision during its executive board meeting in Paris on [...]
JEJU, Oct. 23 (Korea Bizwire) – The number of foreign visitors overstaying their permitted duration on Jeju Island, South Korea’s popular tourist destination with visa-free entry, reached 11,191 as of June of this year, according to Ministry of Justice data released on October 22. The figure represents a 3.4% increase from last year’s 10,826 illegal residents, [...]